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The S&P 500 hit its 44th record this year on Wednesday, Nasdaq 100 closed above the 20’000 mark. The Dow Jones index advanced 1% to an almost ATH, while investors were less enthusiastic regarding the small stocks, the Russell 2000 gained 0.26%. Over in Europe, the Stoxx 600 was better bid, the FTSE 100 recovered […]

The post All Eyes on US CPI appeared first on Action Forex.

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29/11/2024

November Tokyo Inflation Boosts Odds that BOJ Will Conduct Another Hike at December Meeting

Markets US markets were closed for Thanksgiving yesterday, leaving European markets looking for their own dynamics. National inflation data from Germany (HICP -0.7% M/M and 2.4% Y/Y; unchanged October) and Spain (0% M/M and 2.4% Y/Y from 1.8%, core 2.4% from 2.5%) overall printed on the softer side of expectations, suggesting (modest) downside risks for […]
30/10/2024

BoJ to Stand Pat; Yen Under Pressure

BoJ expected to leave rates at 0.25% Lowest inflation since April at 2.5% Yen dives to new 3-month low Decision comes out on Thursday at 03:00 GMT BoJ to leave rates unchanged The Bank of Japan (BoJ) is anticipated to maintain its existing interest rates during the policy meeting on October 31. This decision reflects Governor Kazuo Ueda’s prudent […]
03/02/2024

Canada’s January Unemployment Rate to Hit 5.9%—Highest Since Pandemic

Canadian jobs numbers for January will be centre stage next Friday as policymakers and market watchers look for signs of deterioration in the labour market. The data for the first month of 2024 will tell a similar story to the one we have observed over 2023—employment is rising but not quickly enough to prevent an […]